Discussion in 'Trading' started by dotslashfuture, May 28, 2003.
going to 1077 on the s&p500
I think we are looking at a major breakout, followed by about a 50% retracement during the summer.
Well major would be an understatement if it did that.
there's NO chance in hell that the S&P rises to that.
So your saying that the S+P is going to rise over 120 points in a few weeks? And then retrace to 538.5 by the end of summertime? oh boy......pass that thing over here Bro....I need a puff of what your smoking
no I didn't say that.
I said 50% RETRACEMENT, not 50% drop in value.
OK, then what is 50% retracement from 1077?
I figure this bull move started mid-march. So the bull run is from that point to 1077. Then it will retrace roughly 50% of that move.
never say never
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